US Market Open: JPY hit and fixed bid after Ueda, XAU at highs;

US Market Open: JPY hit and fixed bid after Ueda, XAU at highs; Fed speak due

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European bourses are entirely in the red, with the DAX 40 slightly underperforming as Mercedes Benz cuts guidance; US futures are modestly lowerDollar is flat, JPY underperforms after the BoJ kept rates unchanged (as expected), but with Ueda striking a dovish tone at his press conferenceBonds are slightly bid, taking impetus from the BoJ announcement; Gilts initially underperformed vs peers after hotter-than-expected UK Retail SalesCrude...

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US Market Open: US futures bid, USD pressured and fixed flat; BoE due before US data

European equities opened on a very strong footing and remain at elevated levels; US futures are bid, with the RTY outperforming post-FedDollar continues to sink, the typical haven currencies JPY & CHF lags, whilst Antipodeans outperform; the AUD also benefits from the region’s jobs...

Published 09/19/24